Peel Hunt Trims Galliford Try plc (GFRD) Target Price to GBX 1,675
Galliford Try plc (LON:GFRD) had its target price reduced by Peel Hunt from GBX 1,980 ($26.37) to GBX 1,675 ($22.31) in a research note issued to investors on Wednesday morning. They currently have a buy rating on the stock.
GFRD has been the subject of several other reports. Jefferies Group restated a buy rating and set a GBX 1,380 ($18.38) target price on shares of Galliford Try plc in a research note on Monday, June 27th. Barclays PLC cut Galliford Try plc to an underweight rating and dropped their price target for the company from GBX 1,526.80 ($20.34) to GBX 830.20 ($11.06) in a research note on Thursday, July 7th. HSBC reiterated a buy rating and issued a GBX 1,800 ($23.97) price target on shares of Galliford Try plc in a research note on Monday, June 27th. Finally, Beaufort Securities upgraded Galliford Try plc to a buy rating in a research note on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 1,415.90 ($18.86).
Galliford Try plc (LON:GFRD) opened at 1292.85 on Wednesday. The firm’s 50-day moving average price is GBX 1,086.82 and its 200 day moving average price is GBX 1,204.31. The company’s market capitalization is GBX 1.07 billion. Galliford Try plc has a 12-month low of GBX 739.86 and a 12-month high of GBX 1,718.10.
The business also recently disclosed a dividend, which will be paid on Wednesday, November 23rd. Investors of record on Thursday, October 27th will be issued a GBX 56 ($0.75) dividend. This represents a yield of 4.61%. This is an increase from Galliford Try plc’s previous dividend of $26.00. The ex-dividend date is Thursday, October 27th.
In other news, insider Slark,Gavin bought 1,200 shares of Galliford Try plc stock in a transaction dated Tuesday, June 28th. The stock was bought at an average cost of GBX 893 ($11.89) per share, for a total transaction of £10,716 ($14,272.78). Also, insider Fitzgerald,Greg bought 79,500 shares of Galliford Try plc stock in a transaction dated Monday, June 27th. The stock was purchased at an average price of GBX 874 ($11.64) per share, with a total value of £694,830 ($925,452.85).
Galliford Try plc Company Profile
Galliford Try plc is a United Kingdom-based housebuilding and construction company. The Company’s housebuilding division includes Linden Homes and Galliford Try Partnerships. The Company’s segments include Linden Homes and Galliford Try Partnerships; Construction, including Building and Infrastructure, and public private partnership (PPP) Investments.
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